I'm hoping to trade Long the completion of this C-D leg and re-test of previous resistance this week. Looking for a possible reversal signs at the Decision Zone for a nice Short opportunity within this range!!! REMEMBER: You never have to jump in blindly at the D completion! Drop to a lower time frame and look for a reversal setup such a 123 pattern for a...
I'm hoping to trade Long the completion of this C-D leg and re-test of previous resistance this week. Looking for a possible double top and reversal signs for a nice Short opportunity!!! 600+ Pips downside KEEP THE RADARS UP!!!
We've made a deep push south on this market but I'm not convinced we're done yet! Once the Bull Bat pattern completes or we breakout north of the channel I will look for bullish signals...
Looking at a few options here: 1 Wait for your favorite entry signal long from this 50% Fib area. 2 Wait for Bull Crab to complete then apply your favorite entry signal long 3 Wait for long breakout of the Channel 400-600 PIPS potential Good luck!!!
I am bearish this pair for the week and looking to short after an upward retrace. I will post entry idea as it reveals itself. Looking for 250+ pips...Let's Go!
Like I've sad in my prev. analysis,if the price will hit my target and complete the daily bat pattern,I will then look to get short.Everything went as planned on this one. Gratz to those who took that long trade ones again and for those who are short on this as well-good luck!! Wish u a great weekend traders.
We have a possible bat pattern forming for EurUsd.Looking at a smaller time frame,I found my entry at around 1.10800 area. If the price will go up to 88.6% completing Bat Pattern,I will be looking to get short. Don't forget it's a daily chart,so make sure your R/R is in place and it meets your own trading plan! If you like the idea-plz hit the like button!:)Good...
A large bullish Gartley setting up possibly giving an entry to hop on this strong bullish trend. The potential reversal zone shown lies between the 1.272 completion of the pattern and the round number 1.29 where there is also minor structure. With the strong trend, this one can be taken all the way up to structure highs. Good luck
After 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of...
Confluences: 1/ with the trend 2/ bounce of the upper channelline 3/ 0.6625 as resistance level 4/ Fibonacci 61.8% bounce 5/ MACD bullish divergence Additional: * H&S - pattern on 4H/1H * Weekly high test * Fundamentals are in our favour
Entered this trade just few hrs ago and the Target was hit just couple of mins ago! Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already. Attached to this is original post...
In depth technical analysis on NZDCAD - My outlook is bullish on this pair
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
The pair has broken out its range + channel. Confluences: 1/ Downtrend 2/ Retest of 0.71 ( support turned into resistance ) 3/ Retest of the broken channel 4/ Long legged doji, can also be looked at as a high test
LONG BIAS FOR CABLE, FORMING HIGHER HIGHERS AND HIGHER LOWS, ASCENDING TREND LINE HAS HELD SINCE 2015/04/14, would recommend to trail anystops (1.51690) 500 + PIP MOVE TO COME ON THE PAIR, TP1 AREA IN CONFLUENCE WITH 61.8 FIB LEVEL TRAIL ALL STOPS THIS WILL BE A PIP GRABBER stops around last swing low (0.236 fib level) (Y) [/b ]
Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
The British Pound advanced against the US Dollar as expected but a bearish Evening Star candlestick pattern hints a turn lower may now be ahead. Near-term support is at 1.5794, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 1.5647. Alternatively, a turn above the 61.8% Fib at 1.5941 clears the way for a...